In order to pitch for funding, we feel like we need to get a few basic ducks in a row.

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

How  do i know the contractor not cut corner, the seller refuse to disclose the scope of work done, and the contractor said he won't reveal it without seller permission, so they are basically say we won't give you any information beside invoice, other figure it out yourself with your own money, we don't' have obligation.

Shop LTV (or cLTV which is combined Loan To Value, basically your first mortgage and 2nd mortgage combined loan to value), rates, payment terms, time to close,  and draw period (how long you can go into and out of your heloc). 

Once I reached that goal, the drive for the next one felt just as strong.Reminder to enjoy the journey and that it’s not about the destination.Every goal you reach, you will enjoy it for a short time, then be on to the next one.How do you balance striving to do better and for more while understanding that it will never be enough?

Because someone looking to live in the property will pay more because it's usually an emotionally drive decision.

I ran some very basic numbers on option 1 and if you can get a ST/MT rental per your comments and other assumptions you list, this could be a deal for you.

Umbrella insurance can be a smart way to shield yourself and your partners from potential risks that basic policies might not cover.From what I’ve heard, local insurance agents familiar with investment properties in your area are a great starting point.

I signed up for the paid version of Stessa through biggerpockets only to encounter flaws in their software, connection issues that have been ongoing for 10+ months, and basic feature missing that leave me dumbfounded. 

My goal is to gain a solid understanding of the process, master deal analysis, and ultimately close my first deal.Right now, I’m focused on learning the basics — from finding motivated sellers to building a strong network of cash buyers.